Gibbo
Well-Known Member
Or there is one waiting, Joy just has to get City back to the Championship. I can see little on going benefit to SISU from being a mid table Championship side.
Or there is one waiting, Joy just has to get City back to the Championship. I can see little on going benefit to SISU from being a mid table Championship side.My wishful thinking is that if we get promoted a buyer will come in with an offer Joy cant refuse.
Fuck me.
Top of the table. Pulling clear. Best time to be a City supporter for many years. I have a great idea. Let's think of a thread that can make people angry and want to have an argument.
Oh well. All a part of being a City supporter.
How long until Keiran Maguire tells everybody that millions has been taken from the club and gets everybody frothing?
Not really very positive is it? £4m + transfer profit mostly covering losses, not sustainable at all.
Eh?
How is it 'not very positive' that we have made a profit for the first time in however long? How many other clubs in the football league made a profit last year?
Would it be more positive if we made a loss?
How many clubs make a profit before transfers? Not to mention its the clubs stated business model. Of course it would be brilliant if we were minions in profit without selling anyone but that's virtually impossible.
We’ve actually made a £2m profit if you ignore the interest on the loans which is more a of paper figure than anything else in the accounts
Page 27 shows a £2m loss operationally which has zero to do with that - match day turnover went down
Page 27 shows a £2m loss operationally which has zero to do with that - match day turnover went down
yeah add the £4m player sales and you get my £2m profit
How much do the Champions of League 1 receive?
Anotization costs much higher? What’s the debt that’s been written down on an asset?
£0.5m on rent which is a lot higher than the stated Ricoh rent amount
Couple of big FA Cup games in this seasons as well - could be the difference between green and black.
Did they ever confirm what the terms were at the Ricoh for last year?
No I think it’s goodHave they always broken things down to the level of heating, printing and transport etc? I can't remember seeing that.
Which is as tenable as wasps making a profit due to the extraordinary share issue item
It was £500k the year before as well
They are different as it’s not a one off exceptional item. Hence wasps had to account for it as such. Making money from player shares a normal part of the trade of running a football club. As shown from selling 3 players for millions again this season.
They are different as it’s not a one off exceptional item. Hence wasps had to account for it as such. Making money from player sales a normal part of the trade of running a football club. As shown from selling 3 players for millions again this season.
It isn't, we cannot rely on profit from players of £4m +, Maddison in particular is a one off and we're very unlikely to bring that sort of money in again.
This isn't me being negative it's just genuine worry for the club's future. We all love to comment on Wasps' poor financial position, ours is not really much better if not worse and it seems a bit like the egos involved have set the two clubs on to a mutually assured suicide.
It's not guaranteed though. This profit is only because Maddison moved on, and that was out of our control. Had he not moved on, would we have had to sell someone below value to plug the gap? Or would we have had to have an inferior squad, and risk starting the cycle we were in before of the swirling plughole?They are different as it’s not a one off exceptional item. Hence wasps had to account for it as such. Making money from player shares a normal part of the trade of running a football club. As shown from selling 3 players for millions again this season.
Higgs rent?Anotization costs much higher? What’s the debt that’s been written down on an asset?
£0.5m on rent which is a lot higher than the stated Ricoh rent amount
It’s not if you are looking at the true value of the business - the business has lost £2.5m yet makes a laughable statement it’s running at a revenue
neutral position - it’s had £1.3 m of loans in the previous 3 years unsecured from the master fund as well
And I'm realistic enough to know that player sales are an inevitability. It's to Robins' great credit that despite smaller income streams this season, he's got us doing so well, really.TBF we’ve been saying we can’t sustain player sales since Wilson went and yet here we are.
To a degree, does our business model need us to sell one or two players at peak value on promotion, keep a similar squad to now, and just take the hit of relegation?The increase in turnover we need to even begin to compete in the Championship is huge, well over 100%, where is that coming from?
The increase in turnover we need to even begin to compete in the Championship is huge, well over 100%, where is that coming from?
The increase in turnover we need to even begin to compete in the Championship is huge, well over 100%, where is that coming from?
To an extent, bouncing a bit like, say, Rotherham might be what we need for a while. Given our recent history however, I'd always be worried to loser culture took over again, just when we've rid ourselves of it seemingly.If we could somehow manage to have a fairly competitive season on a similar budget and come down with more money in the bank and a similar squad it would help the 'who blinks first' strategy our owners seem to have.
Well....its a challenge...but if we all drink enough sky blue army lager then maybe...just maybe
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?